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Side-by-side financial comparison of loanDepot, Inc. (LDI) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $310.3M, roughly 1.2× loanDepot, Inc.). Paylocity Holding Corp runs the higher net margin — 13.0% vs -7.2%, a 20.2% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 2.7%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
LDI vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $387.0M |
| Net Profit | $-22.5M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | -10.3% | 18.2% |
| Net Margin | -7.2% | 13.0% |
| Revenue YoY | 20.5% | 11.3% |
| Net Profit YoY | 32.4% | 34.0% |
| EPS (diluted) | — | $0.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $310.3M | $387.0M | ||
| Q3 25 | $323.3M | $378.9M | ||
| Q2 25 | $282.5M | $369.9M | ||
| Q1 25 | $273.6M | $421.1M | ||
| Q4 24 | $257.5M | $347.7M | ||
| Q3 24 | $314.6M | $333.1M | ||
| Q2 24 | $265.4M | $324.7M | ||
| Q1 24 | $222.8M | $366.8M |
| Q4 25 | $-22.5M | $50.2M | ||
| Q3 25 | $-4.9M | $48.0M | ||
| Q2 25 | $-13.4M | $48.6M | ||
| Q1 25 | $-21.9M | $91.5M | ||
| Q4 24 | $-33.2M | $37.5M | ||
| Q3 24 | $1.4M | $49.6M | ||
| Q2 24 | $-32.2M | $48.8M | ||
| Q1 24 | $-34.3M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | -10.3% | 18.2% | ||
| Q3 25 | -3.2% | 19.6% | ||
| Q2 25 | -11.4% | 17.9% | ||
| Q1 25 | -16.8% | 30.2% | ||
| Q4 24 | -32.7% | 13.4% | ||
| Q3 24 | 1.1% | 19.3% | ||
| Q2 24 | -29.1% | 19.4% | ||
| Q1 24 | -38.2% | 29.0% |
| Q4 25 | -7.2% | 13.0% | ||
| Q3 25 | -1.5% | 12.7% | ||
| Q2 25 | -4.7% | 13.1% | ||
| Q1 25 | -8.0% | 21.7% | ||
| Q4 24 | -12.9% | 10.8% | ||
| Q3 24 | 0.4% | 14.9% | ||
| Q2 24 | -12.1% | 15.0% | ||
| Q1 24 | -15.4% | 23.3% |
| Q4 25 | — | $0.92 | ||
| Q3 25 | — | $0.86 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $1.61 | ||
| Q4 24 | — | $0.66 | ||
| Q3 24 | $0.01 | $0.88 | ||
| Q2 24 | $-0.18 | $0.85 | ||
| Q1 24 | $-0.19 | $1.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $337.2M | $162.5M |
| Total DebtLower is stronger | $2.1B | $81.3M |
| Stockholders' EquityBook value | $386.0M | $1.1B |
| Total Assets | $6.9B | $7.0B |
| Debt / EquityLower = less leverage | 5.44× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $162.5M | ||
| Q3 25 | $459.2M | $165.2M | ||
| Q2 25 | $408.6M | $398.1M | ||
| Q1 25 | $371.5M | $477.8M | ||
| Q4 24 | $421.6M | $482.4M | ||
| Q3 24 | $483.0M | $778.5M | ||
| Q2 24 | $533.2M | $401.8M | ||
| Q1 24 | $603.7M | $492.7M |
| Q4 25 | $2.1B | $81.3M | ||
| Q3 25 | $2.1B | $81.3M | ||
| Q2 25 | $2.1B | $162.5M | ||
| Q1 25 | $2.0B | $243.8M | ||
| Q4 24 | $2.0B | $325.0M | ||
| Q3 24 | $2.0B | $325.0M | ||
| Q2 24 | $2.0B | $0 | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $386.0M | $1.1B | ||
| Q3 25 | $433.3M | $1.1B | ||
| Q2 25 | $439.1M | $1.2B | ||
| Q1 25 | $469.3M | $1.2B | ||
| Q4 24 | $506.6M | $1.2B | ||
| Q3 24 | $592.0M | $1.1B | ||
| Q2 24 | $578.9M | $1.0B | ||
| Q1 24 | $637.3M | $1.1B |
| Q4 25 | $6.9B | $7.0B | ||
| Q3 25 | $6.2B | $4.2B | ||
| Q2 25 | $6.2B | $4.4B | ||
| Q1 25 | $6.4B | $5.2B | ||
| Q4 24 | $6.3B | $5.3B | ||
| Q3 24 | $6.4B | $4.0B | ||
| Q2 24 | $5.9B | $4.2B | ||
| Q1 24 | $6.2B | $5.0B |
| Q4 25 | 5.44× | 0.07× | ||
| Q3 25 | 4.83× | 0.07× | ||
| Q2 25 | 4.70× | 0.13× | ||
| Q1 25 | 4.30× | 0.20× | ||
| Q4 24 | 4.00× | 0.28× | ||
| Q3 24 | 3.31× | 0.29× | ||
| Q2 24 | 3.41× | 0.00× | ||
| Q1 24 | 3.63× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-638.7M | $117.0M |
| Free Cash FlowOCF − Capex | $-648.0M | $113.6M |
| FCF MarginFCF / Revenue | -208.9% | 29.4% |
| Capex IntensityCapex / Revenue | 3.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $117.0M | ||
| Q3 25 | $43.4M | $86.5M | ||
| Q2 25 | $67.6M | $86.6M | ||
| Q1 25 | $-179.9M | $186.0M | ||
| Q4 24 | $47.7M | $54.2M | ||
| Q3 24 | $-349.2M | $91.5M | ||
| Q2 24 | $-278.3M | $79.9M | ||
| Q1 24 | $-278.5M | $167.5M |
| Q4 25 | $-648.0M | $113.6M | ||
| Q3 25 | $38.7M | $82.7M | ||
| Q2 25 | $61.4M | $81.1M | ||
| Q1 25 | $-186.7M | $183.7M | ||
| Q4 24 | $40.8M | $51.2M | ||
| Q3 24 | $-356.4M | $89.1M | ||
| Q2 24 | $-285.7M | $73.6M | ||
| Q1 24 | $-283.3M | $162.0M |
| Q4 25 | -208.9% | 29.4% | ||
| Q3 25 | 12.0% | 21.8% | ||
| Q2 25 | 21.7% | 21.9% | ||
| Q1 25 | -68.2% | 43.6% | ||
| Q4 24 | 15.8% | 14.7% | ||
| Q3 24 | -113.3% | 26.8% | ||
| Q2 24 | -107.7% | 22.7% | ||
| Q1 24 | -127.2% | 44.2% |
| Q4 25 | 3.0% | 0.9% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 2.2% | 1.5% | ||
| Q1 25 | 2.5% | 0.5% | ||
| Q4 24 | 2.7% | 0.9% | ||
| Q3 24 | 2.3% | 0.7% | ||
| Q2 24 | 2.8% | 1.9% | ||
| Q1 24 | 2.1% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | -255.05× | 1.84× | ||
| Q2 24 | — | 1.64× | ||
| Q1 24 | — | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
